Coimbatore Tamil Nadu India NewsVoir TVS Motor Company one of the largest manufacturers of two-wheelers and three-wheelers in the world today announced that they have signed a Memorandum of Understanding MOU with the Government of Tamil Nadu for investment in Future Technologies and Electric Vehicle The MOU was signed in the presence of the Honourable Chief Minister of Tamil Nadu Thiru MK Stalin and Padma Bhushan Shri Venu Srinivasan Chairman TVS Motor Company at the Tamil Nadu Investment Conclave 2021 in Coimbatore Under the MOU TVS Motor Company will invest Rs 1200 crore in Future Technologies and Electric Vehicles EV in the next four years The investment will be mainly for the design development and manufacturing of new products and capacity expansion in the EV space This investment reflects TVS Motor Companys continued commitment towards the States overall economic growth as a responsible corporate citizen TVS Motor is transforming itself into a digital age company with a connected sustainable and electric brand The Company is committed to leading the technology development in EV and green fuel and leading the way to the electrification of the two-wheeler segment in the country The signing of this MOU is in line with TVS Motor Companys firm belief in the potential of the State in terms of human resources infrastructure and overall business environment It will also have a significant beneficial effect on small and medium industries directly or indirectly associated with TVS Motor Company in Tamil Nadu About TVS Motor Company TVS Motor Company is a reputed two and three-wheeler manufacturer and is the flagship company of the USD 85 billion TVS Group We believe in Championing Progress through Mobility Rooted in our 100-year legacy of Trust Value and Passion for Customers and Exactness we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes We endeavour to deliver the most superior customer experience at all our touch points across 60 countries We are the only two-wheeler company to have received the prestigious Deming Prize Our products lead in their respective categories in the JD Power IQS and APEAL surveys for four years We have been ranked No 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive four years For more information please visit wwwtvsmotorcom Image Padma Bhushan Shri Venu Srinivasan Chairman TVS Motor signs MOU with Tamil Nadu Government for investment of Rs 1200 Crore in Future Technologies and Electric Vehicles in the presence of Honourable Chief Minister of Tamil Nadu Thiru MK Stalin PWR PWR